Call For Offers! Downtown Redevelopment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family, Office
Catylist Listing ID: 30733950
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 3,192 SF
Gross Building Area: See Agent
Gross Land Area: 0.23 SF
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Investment, Business
Sale Terms: Other
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 9/19/2022

Overview / Comments

56 State Street provides buyers with unlimited possibilities for redevelopment in an outstanding location. Sitting in the heart of the historic district, the existing Scotchman sits on 0.22 acres of General Business zoned land. Permitted uses include hotel, short-term rental, office, retail, apartments, or condos. Its positioning, one block from East Bay Street and Market Street provides consistent foot traffic from tourists and residents alike. The surrounding area boasts strong demographics and daytime population.

All offers due: June 30, 2021

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 458-05-03-108
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,690 58,454 130,572
Median Age: 30 34.35 36.79
Households: 6,759 24,376 55,314
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